Oil, Gas & Mining

Gulfsands announced that initial results on the drilling works taking place in the Khurbet East well in Block 26 had shown the presence of hydrocarbon
Stroytransgaz is finalizing discussions with the Syrian Government to build a gas processing plant in the central area, according to sources close to the company.
Syria is moving closer to build its first privately-held oil refinery, according to Abdallah Dardari, Deputy Prime Minister.
The General Company for Phosphate and Mines (GECOPHAM) expects to achieve a 15.4 percent growth in profit in 2007.
Results from drilling at Tigris-1 well have been inconclusive and have led to a disagreement on the commercial prospects among the two partners in Block 26
Gulfsands has announced that it had contracted with Crosco for the supply of a rig to be used for drilling works that will start in the middle of this month
Ten new blocks will be offered for concession in the coming two months according to the Syrian Minister of Petroleum
The local demand on diesel is expected to reach 7.7 million tons in 2007, according to the estimates of Mahrukat, the state-owned firm in charge of distributing oil by-products.
Works on the first phase of the Syrian section of the Arab Gas Pipeline are moving on schedule according to officials from the Syrian Gas Company
Syria’s production of phosphate reached 3.664 million tons in 2006 according to the General Company for Phosphate and Mines
Noor Financial Investment Company (Noor), a Kuwait-based investment firm, will start building a new oil refinery in Syria before the end of 2007
Syria's crude oil output averaged 404 000 barrels a day in 2006 according to Naji Otri, Syria’s Prime Minister.
INA has announced that it had started test production of natural gas from the Palmyra field.
IPR Energy, has started drilling works on Block 24, in the eastern region of Syria.
Tanganyika Oil Company is commissioning a new reserves analysis based on the results of drilling, and 3D seismic and steam stimulation at the Oudeh and Tishrin fields in Syria, which indicate a potential increase in oil resources and quality.